JohnBat

JohnBat

To those who attack me that I want the BTC price drop because "you did not buy earlier and now you want to buy it back at an attractive price" do you prefer fast increases to 70-90k and then the end of the bull market or slow increases with corrections but to 150-280k? We all want to make a profit, but the rapid gains are bad from an onchain data point of view....

JohnBat

As I wrote before the breakdown from 59k to the current level, the correction was certain and expected and the sentiment was too extreme. This correction is needed for further gains, it is necessary to reset the basic indicators and cool down too extreme optimism among small investors. This revision caused the transaction fees to drop to relatively normal levels...

JohnBat

All as planned, the end of the correction at 786 and the start of a new upward move to around $ 8-12 Previous:

JohnBat

I have heard opinions that the earlier day's increases were too high, so we are getting closer to the end of the bubble. To change the sentiment "in the coming days" a correction is needed, and after 3 days there is a correction. I think that this correction may be deeper and even reach 30-40%. The chart shows the potential level of the exit, but you have to bear...

JohnBat

A similar structure is being built at LSK as in 2017. Will it be a reflection and a copy of those times? We'll see everything looks fine at the moment. Everything you need is on the chart. The declines after the break will be rather continued to the level of 618 or 786, which is confirmed by the growing dominance of BTC. If BTC starts to rise or fall, our price...

JohnBat

I believe that BTC has reached its natural peak at $ 41k. The rapid drop to $ 29k confirmed the market's weakness and the rebound from $ 32k was artificially triggered by Elon Musk, who stopped the downturn and, at the right moment, "gave an artificial boost" to knock the fencers out of the game. Again, the situation was saved by him by a tweet about Tesla's...

JohnBat

The ZRX looks very strong which can make us test the last highs or even break them. On the 4h chart, we are building a bullish trend reversal, you can see it on the RSI, a rebound from the level where the trend change took place earlier. The same is shown in the MACD, where in a few hours the trend may change from red to green. Everything looks pro-growth, even...

JohnBat

Everything shown on the chart. Demand and supply zones determined on the basis of fibbo expansion and their corrective movements

JohnBat

When everything goes down XRP strengthens very much against BTC, it is a very strong buy signal. RSI D1 shows there is room for growth but not for "huge" Previous analizes:

JohnBat

The previous game at XRP was played in a masterly fashion. Now we have an interesting situation and how to approach it. As you can see, the earlier correction was reflected to the level of 618 fibbo, which is the level of entering shorty. After reaching the bottom again, we had another retest of the level of 618, which confirmed the weak trend and deepened...

JohnBat

I would like to introduce you to, or rather recall, my old analyzes. In the past, I have tried to find some repeatability on XRP in a rather unusual way. At that time, I found a certain pattern and network what! It still works, it bothers me a bit. From an analytical point of view in terms of several key levels and pores, I will try to present a few facts. I also...

JohnBat

Now I will present some facts supporting the increases and those supporting the deepening of the correction. Let me start with negative signals. 1) BTC on the RSI M1 chart is at extreme overbought levels. 2) Falling volume proving a decline in demand 3) Rebound from the downtrend line. 4) Corrections on BTC in the past usually ranged from 30% to even...

JohnBat

XRP is in an interesting place that cannot be underestimated. After strong declines with huge volume, we hit new low levels on the XRPBTC pair. Here I want to point out a few factors that confirm that XRP may experience a huge boom in the coming days. First, it was during the recent declines that we achieved what is known as total liquidation. Many items were...

JohnBat

From my point of view, XRP only looks bullish. I will try to present it on the example of RSI and MACD indicators. Every time the RSI touches the bottom (as indicated by the red circles) XRP reacted strongly and the price went up. It happened every time and I think it will be the same now. In addition, this fact is confirmed by the MACD indicator which in the...

JohnBat

Everything in the picture

JohnBat

After a very strong correction, XRP seems to be catching price resistance. From the point of view of catching the trend reversal, this may herald some stabilization in the 0.18-0.22 $ region. My personal opinion is that XRP could see another drop in the $ 0.15 range due to strong resistance in the region. From a technical point of view, after such a strong...

JohnBat

BTC in 2020, as in 2017, was strongly correlated with the movements on the DXY dollar indicator. As you can see on the DXY chart, we are approaching a strong resistance, which, similarly to 2017, stopped the further weakening of the dollar, which resulted in BTC beginning its long correction. Now we are in a similar place where several significant signals are...

JohnBat

As you can see in my earlier analysis, the XRP move from $ 0.22 to $ 0.70 was realized with a beautiful increase. Currently I am in favor of the position and despite the fact that recently around $ 0.45 I wanted to open a position, but due to lack of time I slept through the entrance. Currently, I am of the opinion that XRP needs a bit of a slowdown because the...